By Bloomberg

By Bloomberg

Deutsche Bank sued over currency losses

Deutsche Bank sued over currency losses

By Bloomberg

Sebastian said in court papers filed in London that Germany’s largest bank allowed a trader to breach currency-trading limits between 2006 and 2008.

Sebastian, owned and run by Norwegian investor Alexander Vik, said it suffered losses and missed out on profits worth about $2.5 billion when it had to meet margin calls and close out positions because of the dispute.

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